In the week ending on November 4, 2017, domestic raw steel production was 1,715,000 net
tons while the capability utilization rate was 73.6 percent. Production was
1,573,000 net tons in the week ending November 4, 2016 while the capability
utilization then was 68.7 percent. The current week production represents a 9
percent increase from the same period in the previous year. Production for the
week ending November 4, 2017 is down 1.4 percent from the previous week ending
October 28, 2017 when production was 1,739,000 net tons and the rate of
capability utilization was 74.6 percent.
Adjusted year-to-date production through November
4, 2017 was 76,474,000 net tons, at a capability utilization rate of 74.6
percent. That is up 3.9 percent from the 73,583,000 net tons during the same
period last year, when the capability utilization rate was 71.1 percent.
Broken down by districts, here's production for the
week ending November 4, 2017 in thousands of net tons: North East: 187; Great
Lakes: 642; Midwest: 159; Southern: 653 and Western: 74 for a total of 1715.
The Raw Steel production tonnage provided in this
report is estimated. The figures are compiled from weekly production tonnage
provided from 50% of the domestic producers combined with monthly production
data for the remainder. Therefore, this report should be used primarily to
assess production trends. The AISI production report "AIS 7",
published monthly and available by subscription, provides a more detailed
summary of steel production based on data supplied by companies representing 75%
of U.S. production capacity.
Note:
Capability for the Fourth Quarter 2017 is approximately 30.6 million tons
compared to 30.7 million tons for the same period last year and 30.6 million
tons for the Third Quarter of 2017.
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